Pagan and Deutschman are already well-entrenched in that lucrative genre and at Paramount in general: They wrote Almanac, the Michael Bay–produced found footage sci-fi thriller that the studio will release Feb. 28, 2014.

And last month Paramount picked up Raindrop, another film that reteams the writers with Bay and his Platinum Dunes partners Brad Fuller and Andrew Form and is meant to be another entry in the handheld camera genre.

Pagan and Deutschman are repped by WME, manager Trevor Engelson at Underground and attorney Andrew Hurwitz.